Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
August 3, 2015

Math Trips Up Latest Student Loan Fix

Senators trying to craft legislation offering a permanent fix to the federal student loan program are in a pickle: Republicans do not want a Congressional Budget Office score that adds to the deficit; Democrats do not want a score that shrinks it.

Senate Republicans balked Thursday at a CBO score showing the most recent bipartisan effort would cost $22 billion over the coming decade.

A bipartisan group of senators negotiated the most recent framework Wednesday night in Senate Majority Whip Richard J. Durbin’s office, when it had been reported there was a deal, though sources tracking the talks warned against reporting the agreement as final.

The math to get to a deal is complicated by the $158 billion in profits the CBO projects the federal government will make off the program over the next decade — profits that both parties are counting on in their budgets despite a White House talking point that says the deficit shouldn’t be reduced on the the backs of students. Any effort to cap or cut rates upfront for students would have to be balanced by higher rates later or else those profits would shrink and — via the CBO’s math — swell the deficit. Cutting students a $22 billion break, the cost estimated for this most recent permanent fix, apparently was too steep a price for the GOP.

Congressional Democrats meanwhile have been divided over the issue — unwilling to go along with the White House’s own plan while struggling to agree on a permanent fix of their own — and have been pounded daily by the GOP as a result.

This, compounded by the political oxygen in the Capitol being sucked up by the threat of a rules change, has made a complicated legislative tango even more so. Many liberals argue that no bill at all would be better than a framework that caps loan rates above current law — which is precisely where the last agreement was. So with Republicans gun-shy about the CBO score and Democrats unhappy about being in this position at all, it’s unclear what coalition could come together around a permanent fix. Members of the bipartisan negotiating group had hoped for votes next week, but as recently as Thursday morning detractors of the bill questioned whether that timing was possible. Given the reaction to the score Thursday afternoon, that seems especially prescient.

If you want to read about the deal that wasn’t a deal you can do so here.

Comments (26)

Leave a Comment

Your email address will not be published.

author email

  1. Anonymous

    July 12, 2015
    3:34 p.m.

    It is truly a great and useful piece of information. I’m happy that you shared this useful information with us. Please keep us up to date like this. Thanks for sharing.

    http://www.sdorttuiiplmnr.com/

  2. Anonymous

    July 13, 2015
    12:48 p.m.

    Good info. Lucky me I reach on your website by accident, I bookmarked it.

    http://homeownersinsurancem.com/amica-car-and-home-insurance.html

  3. Anonymous

    July 13, 2015
    5:37 p.m.

    You made some decent factors there. I looked on the internet for the issue and located most people will go together with with your website.

    http://www.wat.tv/video/salon-massage-naturiste-massage-79q5z_79q5x_.html

  4. Anonymous

    July 13, 2015
    7:14 p.m.

    Hi there! Someone in my Facebook group shared this website with us so I came to take a look. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Wonderful blog and fantastic design and style.

    http://www.wat.tv/video/salon-massage-naturiste-massage-79q5z_79q5x_.html

  5. Anonymous

    July 13, 2015
    9:05 p.m.

    I am pleased that I found this web blog, just the right information that I was looking for! .

    http://www.wat.tv/video/salon-massage-naturiste-massage-79q5z_79q5x_.html

  6. Anonymous

    July 13, 2015
    10:34 p.m.

    I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks

    http://vimeo.com/126527913

  7. Anonymous

    July 17, 2015
    5:21 a.m.

    Oh my goodness! a tremendous article dude. Thanks However I’m experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting equivalent rss drawback? Anybody who is aware of kindly respond. Thnkx

    https://disqus.com/by/romeoogle/

  8. Anonymous

    July 18, 2015
    7:47 a.m.

    Excellent blog here! Also your web site loads up fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as quickly as yours lol

    http://www.kooora90.com/football/blogs/3626/27027/high-or-low-deductible-auto-insu

  9. Anonymous

    July 18, 2015
    7:58 a.m.

    I?¦ve been exploring for a little bit for any high quality articles or weblog posts in this sort of house . Exploring in Yahoo I eventually stumbled upon this site. Studying this info So i am happy to exhibit that I’ve a very good uncanny feeling I found out just what I needed. I so much certainly will make certain to don?¦t omit this web site and give it a look on a relentless basis.

    http://pahma.berkeley.edu/delphi/modules/auth/profile.php?uid=167096

  10. Anonymous

    July 20, 2015
    2:17 p.m.

    I do believe all of the ideas you’ve offered to your post. They are very convincing and will certainly work. Still, the posts are very brief for beginners. May you please extend them a bit from next time? Thanks for the post.

    http://brookereviews.com/product/ehealthinsurance-reviews-why-i-choose-ehealthinsurance-services/

  11. Anonymous

    July 20, 2015
    7:22 p.m.

    You have brought up a very superb details, thanks for the post.

    http://quotesautoinsurance.org/auto-insurance-quotes-without-personal-information.html

  12. Anonymous

    July 21, 2015
    1:31 a.m.

    I will right away snatch your rss feed as I can not to find your e-mail subscription link or e-newsletter service. Do you have any? Kindly allow me know so that I could subscribe. Thanks.

    http://lowcostautoquotes.com/home-insurance.html

  13. Anonymous

    July 21, 2015
    7:02 a.m.

    Hey! This is my first comment here so I just wanted to give a quick shout out and say I truly enjoy reading your posts. Can you recommend any other blogs/websites/forums that cover the same topics? Many thanks!

    http://lowcostautoquotes.com

  14. Anonymous

    July 24, 2015
    10:14 a.m.

    Hey, you used to write excellent, but the last few posts have been kinda boring?K I miss your great writings. Past several posts are just a little out of track! come on!

    http://split.us

  15. Anonymous

    July 24, 2015
    11:45 p.m.

    Hey There. I discovered your blog using msn. This is a very smartly written article. I will make sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll certainly return.

    https://bestplumbers.com

  16. Anonymous

    July 25, 2015
    7:28 a.m.

    Excellent blog here! Also your web site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol

    http://www.sdorttuiiplmnr.com/

  17. Anonymous

    July 25, 2015
    8:12 a.m.

    I?¦ve been exploring for a bit for any high-quality articles or blog posts in this sort of space . Exploring in Yahoo I eventually stumbled upon this web site. Studying this info So i am glad to exhibit that I’ve a very good uncanny feeling I found out exactly what I needed. I such a lot surely will make sure to don?¦t forget this site and provides it a glance regularly.

    http://www.sdorttuiiplmnr.com/

  18. Anonymous

    July 25, 2015
    8:22 a.m.

    There is noticeably a bundle to know about this. I assume you made certain nice points in features also.

    http://bathmatehydromax-x30.weebly.com/blog/jenis-zakar-kesukaan-wanita

  19. Anonymous

    July 25, 2015
    6:06 p.m.

  20. Anonymous

    July 25, 2015
    9:09 p.m.

    I went over this website and I think you have a lot of superb info, saved to fav (:.

    https://svn.id.ethz.ch/projects/forums/ticket/149943

  21. Anonymous

    July 28, 2015
    4:16 p.m.

    I am impressed with this internet site, really I am a fan.

    http://www.warriorforum.com/showthread.php?t=1094532

  22. Anonymous

    July 30, 2015
    4:06 p.m.

    I believe this internet site has some rattling good info for everyone. “Je veux que les paysans mettent la poule au pot tous les dimanches.” by King Henry IV of France.

    http://eblogtip.com/clickbank-university-review-cb-university-justin-allen-adam-horwitz-and-matt-hulett-8-things-you-should-know/

  23. Anonymous

    July 30, 2015
    5:16 p.m.

    Wow! This can be one particular of the most useful blogs We’ve ever arrive across on this subject. Actually Fantastic. I am also a specialist in this topic therefore I can understand your effort.

    http://brookereviews.com/product/ehealthinsurance-reviews-why-i-choose-ehealthinsurance-services/

  24. Anonymous

    July 31, 2015
    10:46 a.m.

    I keep listening to the rumor speak about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i find some?

    http://hotel-guitar.pl

  25. Anonymous

    Aug. 2, 2015
    6:29 p.m.

    Hi my friend! I want to say that this article is amazing, great written and come with almost all important infos. I would like to see extra posts like this.

    http://www.consultdustry.com/associates-global-trade-and-international-business-development-agency/

  26. Anonymous

    today
    10:05 a.m.

    I have been exploring for a bit for any high-quality articles or blog posts on this kind of house . Exploring in Yahoo I ultimately stumbled upon this web site. Reading this info So i am happy to show that I have an incredibly good uncanny feeling I found out just what I needed. I so much indisputably will make certain to don?¦t fail to remember this web site and give it a look regularly.

    http://home-business-industry.com

Sign In

Forgot password?

Or

Subscribe

Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...